Entrepreneurship 0 comments on Is Entrepreneurship a valid career choice for new graduates?

Is Entrepreneurship a valid career choice for new graduates?

Entrepreneurship is the new in thing right now. With every country facing significant issues at job, youth employment has been slow for years. Many people rigorously work to find a career in the public sector or some high paying private sector, but not everyone makes it through to the end. As a new graduate, finding a job without any experience is even harder.

Being an entrepreneur has started gaining popularity. People have also understood how work from home jobs could bring both income and job satisfaction. One hears many success stories from time to time, which begins with a small home office. Every new graduate, aspiring to be successful as an entrepreneur, is ready to face challenges and put their ideas into the world. Instead of waiting to find a job, take a different path than the traditional well-defined career paths.

Here are five ways to make entrepreneurship a successful career option.

  1. Identify your passion: The first step to being a successful entrepreneur is to identify your passion and follow it. Starting a business unenthusiastically and taking it to a strong position would be like shooting an arrow in the dark. The work should bring you joy and satisfaction.
  2. Researching is a necessity: Researching the market is more of a need than a luxury. It is something that would help on a long-term basis, keeping you on top of the latest trends. Take time to study thoroughly about all the elements, before starting a new business. Various career guidance courses can prove to be beneficial. Look up Get Me A Course for building useful skills.
  3. Find a mentor: Just because you work from home and have done enough research about market trends does not necessarily mean you would be okay without a mentor. It would be a learning curve of your life, choose a mentor who has been there. New graduates could learn a lot from mentors. Developing excellent communication skills with the help of a mentor would help you further down the road.
  4. Use technology: Can you imagine how easy it has become to start a business and go about it with all the social media platforms available. Learn about digital marketing, digital advertising. It is one of the paramount ways to set up your business. It will help you reach the right demographic of customers.
  5. Figure out finances: As an entrepreneur, one of the most common problems people face is that of finances. It is essential to develop an understanding and knowledge to manage the financial aspect of the business.

Do not be hesitant to take the leap of faith. Get career guidance from time to time if need be. Planning and the right amount of networking could bring you all the success you’ve ever wished for.

Entrepreneurship 0 comments on What should a course on entrepreneurship talk about?

What should a course on entrepreneurship talk about?

Not always being happy on being employed by someone, several people harbor dreams of being their own boss and making their mark as entrepreneurs. Statistics confirm that over 54% of millennials have already started their own venture or are on the brink of doing so. While entrepreneurship comes naturally to some, others lookout for means to fine-tune their business skills. Entrepreneurship courses are in high demand these days. In such courses learners are taught how to strategically create a business plan and drive their passion into a thriving enterprise.

A good entrepreneurship course is designed in such a way that it delivers knowledge on the prime aspects of management, all the while retaining student engagement through virtual demos, practice modules and quizzes. 

So, what should an entrepreneurship course talk about? Let’s find out.

Industry Analysis

The birth of a new venture always starts out with a detailed industry analysis which helps understand the global economy and the competitive dynamics of the industry. Industry analysis takes into account the demand and supply, major competitors, key business strategies, saturation point, most recent trends and the long term prospects of the industry.

Market Analysis

In simple terms, market analysis identifies a potential market where businesses can sell their product or service. It understands the target customers’ requirements and preferences with respect to the upcoming market trends. A market analysis digs deep into various quantitative and qualitative aspects that will predict the sustainability of a company.

Business Model

A business model is formulated based on the goals and objectives of the company and the strategies used to attain these goals. Hypotheses such as, Porter’s five force model, PEST (Political, Socio-demographic and Technological) Analysis and SWOT (Strengths, Weaknesses, Opportunities and Threats) Analysis will help determine market conditions, identify risks, uncover new opportunities and strengthen the company’s survival in the evolving economy.

Financial Analysis

Financial analysis delves into the company’s capital, revenue, cost, profits and devises strategies to boost profits. This segment should elaborate on the economics of a sale, how to create and income statement, balance sheets and cash-flow statements and financial ratios. Approaches such as break-even analysis, Du Pont analysis and fundamental analysis are considered for the same.

Marketing Plan

A marketing plan devises strategies to market and sell the company’s product or service. The four marketing P’s namely Product, Price, Place and Promotion, play a significant role in formulating a market plan. Components like market research, marketing goals, strategies, budget and competition are also considered when constructing a marketing plan.

Operational Plan

This creates an outline of how the business is run and how each product or service is produced. An operational plan lists the various responsibilities associated with each goal in the business plan.  An operational plan tallies the objectives, deliverables, strategies used to produce these deliverables, adherence to quality standards and resource requirements.

So, there you have it. Designing a course on entrepreneurship, a subject so vast, should be simplified with prime focus on the above modules. Get pointers on the various segments of entrepreneurship, here.

Business, E-learning, Entrepreneurship, Marketing, Social Science 0 comments on Winning in the Digital Age

Winning in the Digital Age

What is digital transformation? How does a business survive the digital age? BCG and University of Virginia experts tackle questions like these in their course: Digital Transformation. Get the inside scoop from course instructors Michael Lenox, Senior Associate Dean of University of Virginia’s Darden School of Business, and Amane Dannouni, Principal at The Boston Consulting Group.
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Entrepreneurship, Human Resourse, Online Courses 0 comments on Designing impactful L&D programs

Designing impactful L&D programs

At a time when attention spans are shorter than ever, long drawn out training sessions are the perfect recipe for punishingly boring L&D programs. Shelley Osborne, Head of L&D at Udemy shares three tips for designing impactful L&D programs

I love professional learning & development, and I love my job. But I understand not everyone starts out as excited as I am to participate in training sessions. Past experience has convinced some people it’s a waste of their time, and they’ll come up with any excuse to opt out.

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Education, Entrepreneurship 0 comments on Never Too Late to Become an Entrepreneur

Never Too Late to Become an Entrepreneur

In his research, Etienne Krieger, HEC Paris Affiliate Professor and Scientific Director of the HEC Entrepreneurship Center, has found that the average age for founding an innovative company is 38. This is a striking contrast to the stereotypical image of the millennial startup founder – so what makes 38 a good age to reinvent your career, and is it worth the risk? Find out below and learn more about how you can jumpstart your entrepreneurial career with HEC’s Online Master’s in Innovation and Entrepreneurship degree. Continue Reading “Never Too Late to Become an Entrepreneur”